FPT announces first acquisition in Japan with full ownership of NAC

Friday, Mar 01, 2024 16:05

The strategic investment signing ceremony between NAC and FPT took place in Tokyo, Japan. — Photo of FPT

Việt Nam's FPT Corporation (FPT) has acquired the IT services company Next Advanced Communications NAC Co Ltd (NAC), making it FPT’s first acquisition in Japan.

With NAC as a wholly-owned FPT subsidiary, the company aims to double its customer base and service offerings, deepening its foothold in the Japanese market.

The strategic move aligns with FPT’s global expansion strategy and enables the Vietnamese firm to capitalise on NAC’s talent pool of nearly 300 experienced engineers and strong expertise centered on technology and business consulting, architecture design, system planning, design, development, and operation. With these additional resources, FPT aims to achieve US$1 billion in revenue in the Japanese market by 2027 and have more than half of its employees in Japan as multinational employees.

"Like NAC, FPT strives to leverage technology to address a variety of customer issues, with the goal of creating a sustainable society for everyone. We aim to enhance the Japanese engineer talent pool and cooperate with local companies to help our clients maintain business continuity despite geopolitical challenges. Additionally, FPT prioritises and fosters a multicultural work environment. I believe NAC and FPT employees will find greater success and happiness in our collaboration," said Đỗ Văn Khắc, FPT Software Senior Executive Vice President and FPT Japan CEO.

Naoto Yamazaki, NAC Chairman, said: “Since we started NAC 13 years ago, we have achieved success as an independent company. Today, as we join the FPT family, I believe not only can we maintain our growth but also form a stronger synergy for the future. NAC and FPT will strive to accelerate our business more than ever and become a company that can contribute to society.”

Since 2014, FPT has completed multiple M&A deals in the US and Europe. In Japan, the firm recently formed a joint venture with Konica Minolta and made a strategic investment in LTS Inc. — VNS

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